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20120901
20120930
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CNBC 17
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CNBC
Sep 13, 2012 7:00pm EDT
with the united states to overturn gadhafi and police libya these last years but opened relationships with al qaeda and the darkest elements of the jihadists. there's suggestion ambassador stevens was murdered in revenge for the death of a libyan hero to the al qaeda forces al-libbi killed by a drone strike june 4th. >> john, what you're saying is round up the usual suspect, you're saying they have not really caught the perpetrators who killed ambassador stevens? >> the perpetrators are al qaeda and the jihadists of the uma. it's a vast organization. >> thank you for that. let me go to paul wulff wits, former deputy secretary of defense. thank you for coming back on the program. what's your take on this? president obama said no act of terror will go unpunished. he said we're going to bring them all to justice. what happens now? how do we bring them all to justice? >> clearly, we're talking about libya, it will happen with the cooperation of the libyans. one of the important things to put in context here, it's almost lost in everything i've heard is back in july the libyans had a pretty fair e
CNBC
Sep 11, 2012 4:00pm EDT
've always expected people would get in the united states of america. that only comes from the private sector. that's where, i think, the romney approach, people will find to be the right one. >> this market has been rallying. of course, it seems to be working in obama's favor, even though it's probably has a lot more to do with the central bank and all of the easing out there than it does to the policies. is there any reason to believe that if this president is re-elected, then he moves to the center that, he does the policies that you're talking about that romney, of course, has been leading with? >> i think that's been my greatest disappointment, that we have not seen this government move more to a centerous approach to move the country forward. there were numerous opportunities to do that. i just don't think it aligns with where the president would like to take the country. there's one approach that says static pie, let's figure out how to split it up. that's the approach that's being taken. when they say we're all in this together, we're all in this together, but we're going to take from
CNBC
Sep 12, 2012 9:00am EDT
in the united states. some indexes they watch on a weekly basis have been lower recently and that will fuel a lot of talk about a bit of a slowdown. front-running the fed, guys, did you see what happened yesterday? i pointed out some of the biggest etfs in the high yield area. i'm talking about j&k had heavy volume and hitting new highs. why is that happening? a lot of people believe at the minimum the fed is going to extend forward guidance to keep interest rates low to at least 2015. all of that would be a big beneficiary to high-yield funds who are forcing people to go out on the yield curve. this is one simple way people are already anticipating exactly what the fmoc is going to be doing. back to you. >> terrific, bob. got to ask rick. looks like people sell bond, shift bonds to the dollar. rick is at cm group in chicago. >> thank you. i guess we should welcome europe to the same club the u.s. is in. lots of liquidity. maybe more liquidity coming. and a generally weak economy. welcome to the club. if you look at our charts, they pretty much reflect a lot of what central banking is doing
CNBC
Sep 6, 2012 6:00pm EDT
around van heusen in particular and arrow, the two larges brands in the united states. then our sportswear izod, a major roll-out with jc penney with the brand there. continued strong growth in our department store base, particularly macy's. that brand continues to perform and regain positioning. >> jc penney is a battleground. people worried that perhaps they are not doing well on your conference call you made it clear stores within stores are fantastic for your future. >> you know, we think it is a great way to show case our brands. we have seen early results and i'm talking about very early. ten days worth of sales so far as new shops have gone in. we have seen good sales performance in those stores. ron johnson from jc penney has talked about the transformation he's taking the company through. clearly he's been up front about the rocky issues he's had to keel wi deal with. they have a clear path. we are being as supportive as we can with them, not only with izod but with van heusen. we are a big part of the dress furnishings business to move the consumer forward. >> do they
CNBC
Sep 11, 2012 7:00pm EDT
with us or against us. any country that harbors terrorists is against us, that the united states can make preemptive strikes against these enemy countries. i thought those were extremely important doctrines that president bush laid down. is it your opinion, your view that those doctrines are still being honored today in our national security policy, especially toward terrorists? >> they're in place. president obama has not changed the foreign policy that president bush did change and put in place, which means we're going to be preempted. we want to prevent the next attack. i don't think there's as much resolve, quite frankly, with president obama and i don't think he's provided the leadership and i don't think he's introduced the fear to those people who want to do bad things to us. i think they feel a little bit empowered. thankfully our intelligence k e committee is on its toes and will do everything they can to help. i think we're very lucky. i wish president obama was a stronger leader around the world and wasn't as passive and steps back. it can only come from the president of the u
CNBC
Sep 14, 2012 6:00am EDT
mortgages and potentially other assets until we see unemployment improve in the united states, is that a good decision on his part? >> it's not my habit to comment on decisions of the sister institutions. i would only say that it demonstrates, also, that when you look at the advanced economy through the grade of the central banking, you see that we are all engaged in nonstandard measures. >> how worried are you about the fiscal cliff in the united states is this. >> i think it is part of course of the major issue that in the advanced world you have to cope with. >> but if it happens, does it bring on another recession in the united states? >> i'm sure that the u.s. leadership, whatever you have in the president discussion of course between the two major sensitivities, but a sense of the saw peer kror interests of the country will prevail. i'm absolutely confident in that. i don't trust that it is possible that the sense of the superior interests of the united states of america and by way of consequence of the entire of course advanced economy and by way of consequence the enti
CNBC
Sep 23, 2012 7:30pm EDT
different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. >>> is your money safe in a question that is top of mind for almost every investor out there today. can the agency charged with watching the markets keep up with faster and newer technology? do they have enough weapons to fight fraud? mary shapiro, chairman of the securities and exchange commission. she joins me now for a rare interview. mrs. chairman, it's great to have you on the program. thanks for joining us. >> thank you, a pleasure to be here. >> i
CNBC
Sep 21, 2012 6:00am EDT
of a significant downturn in the united states economy. >> so if you have a downturn, there's a possibility that you don't have that right mix and that you could have a downturn. the odds of that are comparatively low but i worry about it because it's significant possibility. i described it as though, imagine you're on an airplane that's flying from here to los angeles, you're probably going to get there okay but if you hit an air pocket and meaning if the economy goes down, there's not an easy way to reverse it. monetary policy is less effective because when you buy a bond, when the federal reserve makes a purchase, that has the effect of giving money to somebody who won't put that money into something like that bond. and that money does not easily go to people who spend it, that's a balance between monetary and fiscal policy and i worry about the policymakers getting that balance right. that's a possibility and a scary possibility. other than that, i think the most likely situation is we will fly successfully from here to los angeles essentially but we have longer risks. you need a balanc
CNBC
Sep 13, 2012 9:00am EDT
aren't moving anywhere. it's on hope they can get it rationalized. united states is on fire and everyone keeps saying why can't we buy ford. because of latin america and europe. >> facebook, a bit backward looking, but the best day yesterday since that ipo. it's almost you can't say ipo without saying botched ipo. that's the way everybody says it. was there a turn yesterday? >> i think that you're going to have a well p like situation is what people hope. yelp was a giant lock up that expired and all the shorts were piled on. it went up seven. you have to bet that everyone is overly short facebook to get this thing going. i think it's more of the dynamics of the lock up in actual earnings. >> the big lock up is coming november and by november, we'll have more than a million shares hit the market. >> that's a big lock up to overcome. >> aig was remarkable. had 600 million shares hit, but aig of course was valued at half book. facebook, not valued at half book. >> taking a look at the financials, it is worth noting because xlf closed at five-month highs. taking a bit of a brea
CNBC
Sep 21, 2012 9:00am EDT
's happening in the united states. >> certainly that's going to bring down the large indices and i just wonder if you think in the fourth quarter there will be a put from central banks or from hedge fund managers that have to play catchup or could we look at the last three months last year? >> central banks are obviously very powerful. you know the old saying, don't fight the fed. you have to be very careful. but as you stretch out the time rise and what you find historically is there is no relationship between liquidity and stock market movement. but i think what's much more important is your original question, if the profit cycle continues to decelerate, i think that's what people want to think about and that's what people want to position their portfolios for. i still think personally that you want to look at more defensive sectors which i think are less prone to have these big earnings disappointments right now. >> rich, can you put together these two knows in the market that you want to be in more dmfticily oriented companies and also this other thought in the market that you want to be i
CNBC
Sep 26, 2012 9:00am EDT
there and are you independent of what happens in the united states as a bank? >> yes, we are focused on the market. even though we have a bank operation, and asset management business, too. and insurance, too. retail banking is the most important at the moment. >> your parent company, santander, still owns 75% of you. it's a bank that needs money, that's why you're going through the ipo. how do i know as an investor that santander won't flood the market with further stock going down the line? >> well, santander has a strategy, a list of different banks in the local markets. to have more community with the markets. and even though we have that company, santander is doing great in retail banking. decisions that are better for the mexican market. >> can you prevent them from selling the other 75% of your bank on the market? >> yeah, they have decided to sell a part because mexico is a very good investment for the group and is one of the main sources of profit and is good for the group. >> before we let you go, mexico's been through many, many debt crises. what is their view of how europe is handling
CNBC
Sep 19, 2012 6:00am EDT
're seeing through the lens. how are things both in the united states and europe. >> and china? >> let's talk about the u.s. in almost every business, there are pockets of real success. let's take, for example, the enormous burst in rental housing. the command for rental housing is incredible. so we're in the home supply business. we do cabinet doors, home depot, supply, we do vanities and things like that. we sell vanity kits as fast as you possibly make to landlocked and multifamily housing who put these things in. we charge $500, they increase the rent $100 a month, the pay back is in months, and the game is on. people are renovating rental places and motels and hotels because they're occupied. three years ago they were taking a room in a motel, tearing it apart, bringing the fixture over and fixing the other room that was leaking. now they're renovating those things. so the home rental idea is moving strongly. you take the marcellus fields, we can't get pipe up there fast enough. we can't get pre-fab buildings up there fast enough. i mean, i'm not talking marcellus, i'm talking north dako
CNBC
Sep 11, 2012 3:00pm EDT
to be yet more liquidity coming into the system. probably both in universieurope united states. that keeps the action going. >> is that a good thing, don? what do you think about that? is it a good thing we're seeing such momentum in this market ahead of the fed policy, ahead of any of the policy coming out of any international central banks? >> what it does have is a very good effect from the standpoint of mr. obama because, although -- well, people say the unemployment number was terrible, so that's bad for obama. all the polls show that if the s&p 500 is doing really well, that the people out there tends to be more tolerant of some bad economic numbers. on the other hand, if the s&p is cratering and we're getting bad unemployment numbers, then that's good news for mr. romney. >> september and october typically are volatile periods for this market. some tough times right now. ron, one of the expectations is that the fed may add liquidity, but they may also extend the period of time that the fed will keep rates low for that period of time. maybe into 2015 is the expectation. is it a bit d
CNBC
Sep 10, 2012 11:00pm EDT
: a big boo to the ya to you. ford motor company, please. >> the problem with ford is not the united states where things are terrific and mark fields is on this morning saying a lot of good things. the problems are in latin america and the problems are in europe. i think the stock is just a hold, not a buy, not a sell. i need to go to gene in texas. jeanne! >> caller: yes, thanks for taking my call, jim. i'm calling about permian basin trust. >> the problem with all these is they are cutting back. a lot of them are cutting yield and distributions. i'm staying away from this group for now. let's go to sol in new york. >> caller: booyah from the big apple, jim. >> liking it. >> caller: with the recent drug approvals, what are your feelings on dndn? >> no, no, no. i don't like it. very cloudy future and crowded place. let's go to elvis in iowa. elvis! >> caller: booyah from des moines iowa. >> like it. >> i have a question about amarin, fda approval a couple months ago. >> as long as you recognize this is pure speck because this had a very big move. i will bless it only as a speck. >> i
CNBC
Sep 13, 2012 1:00pm EDT
.s. universities, over 40 universities in the united states and we've created over 20 companies to date and hundreds of jobs in those companies. >> a lot of people believe in this charged election season that business and the government can't work together, can't collaborate. i assume that this is an example that you would say belies that premise. >> we absolutely agree that the government and private equity can work together. there are many challenges that the dod is facing and they're coming up with solutions, technical solutions to that in cyber security, in wireless communications. those things have direct applications to the commercial marketplace and we can create companies around those and go to market here in the u.s. with them. >> give me some examples where in the past, defense oriented technologies or defense developed technologies have become a successful private market products and tell me as you think about this intellectual property that the government owns, what do you think has the most promise now for the next gen products? >> dod labs had had long been a rich source o
CNBC
Sep 21, 2012 4:00am EDT
has been happening this morning? those viewers in the united states waking up, why are the apple workers in paris upset? >> for the last week, they've been extremely it is grunt he willed. all over the french media, they've been meeting with different management, complaining, in pact one of them was quoted as saying working at apple is like working in a coal mine. they've been complaining that they have to work longer hours than what they're paid for, that they don't get any commissions uneven though they're under constant pressure to sell. they're monitored by cameras in the stores and looking for things like a 13th month of pay as a bonus, higher pay and water fountains in the store. some of these things are standards for french workers, but they're complaining that apple has been extremely resistant to provide them these things. in fact they say they've been fighting for three years for the 13th month of pay. so at the end of yesterday, there was a sort of last resort meeting at which it was decided that these issues would be revisited before the end of the year, that the comp
CNBC
Sep 11, 2012 6:00am EDT
industry can be to improve the perception of banking, which is at a 40-year low in the united states, and so many people who died were in the financial industry. i knew several and so i think our actions can be driven by the shareholders and if it's not driven by the shareholders, then it will be driven by the regular gla glators and part of the action is encourage the large banks to spin off certain underperforming divisions so the valuation could increase and right now the sum of the parts for many of these banks are far above where these market values exist. >> okay, mike. we appreciate that sentiment and the point. back to jamie dimon for a second and this idea of splitting up the banks. you raised this issue with him. what was his answer? >> he didn't say never, and the debate with jamie dimon got heated last thursday when i met with him, he's ceo of jpmorgan as you know, and he said if the discount is 50% and the businesses are no worse off, then he'd consider it, even jamie dimon would consider a splitup. he said it's extremely unlikely, they have all sorts of synergies and th
Search Results 0 to 16 of about 17